Nike, Goldman Sachs Nudge DJIA Higher Friday

By Paul Ausick Updated Jan 12, 4:19AM EST · Published Jan 19, 4:01PM EST

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Nike, Goldman Sachs Nudge DJIA Higher Friday — © Thinkstock

January 19, 2018: Markets opened mixed Friday but the DJIA promptly turned south and remained in the red until late afternoon. An encouraging though not enlivening earnings report from IBM weighed on one of the index’s weightier stocks. Energy and utilities were Friday’s laggards while consumer goods led the winners. WTI crude oil for February delivery settled at $63.37 a barrel, down 0.9% for the day to close the week with a loss of about 1.5%. February gold added 0.4% on the day to settle at $1,333.10. Equities were headed for a narrowly higher close shortly before the bell as the DJIA traded up 0.06% for the day, the S&P 500 traded up 0.35%, and the Nasdaq Composite traded up 0.44%.

Bitcoin futures for January delivery traded at $11,225, down about 5% on the CME after opening at $11,335 this morning. The digital currency’s trading range for the day was $10,990 to $12,030.

The DJIA stock posting the largest daily percentage gain ahead of the close Friday was Nike Inc. (NYSE: NKE) which traded up 4.84% at $67.19. The stock’s 52-week range is $50.35 to $67.22, a new 52-week high set late in the afternoon. Volume was about equal to the daily average of around 9.7 million shares. The company signed an agreement that takes the company’s North American energy consumption to 100%.

The Goldman Sachs Group Inc. (NYSE: GS) traded up 1.88% at $255.69. The stock’s 52-week range is $209.62 to $262.14. Volume was about a third higher than the daily average of around 2.7 million shares. The company had no specific news.

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The Home Depot Inc. (NYSE: HD) traded up 1.25% at $200.80. The stock’s 52-week range is $134.60 to $201.22, and the high was posted this morning. Volume was about 20% below the daily average of around 4.7 million. The company had no specific news.

McDonald’s Corp. (NYSE: MCD) traded up 0.89% at $176.13. The stock’s 52-week range is $119.82 to $176.64, a new high set this afternoon. Volume was about 10% below the daily average of around 3 million shares. The company had no specific news Friday.

Of the Dow stocks, 16 are on track to close higher Friday and 14 are set to close lower.

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.